statewide aviation economic impact study presentation
TRANSCRIPT
2011 Georgia Statewide Airport Economic Impact Study
Atlanta Aero Club
October 20, 2011
presented by Carol L. Comer
Acting Director, Division of Intermodal
Study Elements Statewide Economic Impact Analysis Aviation Generated Revenue Study Airport Case Studies Business Case Studies DVD – Georgia Airports Mean Business
Impact Measurement Factors
On-airport businesses
On-airport capital improvements
Visitor spending
Non-aviation businesses dependent on airports
Data Collected Surveys of:
– 103 study airports
– 520 on-airport businesses
– Commercial airline visitors
– Transient GA visitors
– Non-aviation businesses
Economic Benefits Reported
Jobs Annual payroll
Annual economic output – airport-related spending
– capital improvements
– all visitor spending
Jobs Annual Payroll
Annual Output
On-Airport Impacts
On-airport businesses and tenants – Fixed base operators (FBO) – Airlines – Air traffic control – Aircraft maintenance – Other aviation-related businesses
Capital improvement projects (CIP) – FAA, GDOT, local investment – Averaged over multi-year period
Visitor Spending Impacts
Jobs per $1 million in visitor spending
– Commercial Service Airports = 10-13 jobs
– General Aviation Airports = 17-22 jobs
Jobs supported by visitor spending are primarily in
the service industry
Impact Categories
Total Economic Impacts
Multiplier Effect
Respending of on-airport and visitor impacts
Respending of multiplier impacts
Multiplier Impacts
On-Airport & Visitor Impacts
Total Impacts
Tenants
Manufacturing
Aerospace
Airlines
Military
Air Cargo
Education
Visitors
Construction
+ =
Multiplier Impacts
Joe Aircraft Mechanic
Sarah Child Care Provider
Bob Pharmacy
Betty Music Lessons
Sam Grocer
Joan Physician
John Hardware Store
Summary of Economic Impacts
Jobs: Gwinnett County – Briscoe Field
On-Airport Jobs 260
Jobs Supported by General Aviation Visitor Spending 104
Total On-Airport and Visitor Jobs 364
Multiplier Jobs 366
Total Jobs 730
Total Economic Impact: Gwinnett County – Briscoe Field
On-Airport $47,736,500
General Aviation Visitor $6,138,400
Total On-Airport and Visitor Impacts $53,874,900
Multiplier $31,496,300
Total Impacts $85,371,200
Direct Aviation-Related Revenue Summary
AvGas Excise Tax ($0.01/gal)
$55,300
AvGas Sales Tax (4%)
$790,000
Jet Fuel Sales Tax (4%) $40,830,000
Aircraft Property Tax $54,643,000
Aviation Goods & Services Sales
Tax $40,649,200
Total Tax Revenue Generated = $136,967,500
Revenue Study: Flow of Aviation Generated Revenues
$1.65 million
$78 million
$55,300
General Revenue
Fund
$82.6 million
Aviation Goods & Services Taxes
Aviation Gas Excise Tax
($0.01/gal.)1
Aircraft Personal
Property Tax 5
Aviation Gas Sales Tax (4%)
$40.8 million
$40.6 million
$55,300
$54.6 million
$790,000
Motor Fuel Tax
Fund
County Tax Districts
$398,300
Other Non-Transportation State
Funds
Source Fund Appropriation
Georgia Airport Aid Program
$54.2 million County Uses Schools (55%) Other (45%)
Georgia Roads & Bridges
Jet Fuel Sales Tax (4%)
Airport Case Studies
Interviews conducted in November 2010 – Franklin-Hart County – Jackson County – Thomaston-Upson County – Statesboro-Bulloch County – Douglas Municipal
Statesboro Case Study
Since 1991, Statesboro-Bulloch County has: – Attracted 43 new industries and businesses – Experienced $900 million in investment – Added more than 4,400 new jobs – 25% increase in population
Local businesses rely on the airport: – Briggs & Stratton – Georgia Southern University – Local doctors – RB Baker Construction – Carmike Cinemas
Statesboro Case Study
Business Profiles
Next Steps
Publish Final Study Documentation in November Final meeting with Project Steering Committee
Questions?
Carol L. Comer
Acting Director, Division of Intermodal 404.347.0573
Amanda J. Hill Aviation Planner
404.505.4864 [email protected]
http://georgia-aviation.dot.ga.gov/